110 Bank St SE #L1902MinneapolisMN55414
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $2,376/mo, and a $4,013/mo payment. Purchase price stands at $820,000, and rental yield measures 3.48% with $2,376/mo rent. Return on cash invested shows 7.85% in year one, and 5% annual appreciation builds toward $226,551 over five years. Five-year ROI reaches 38.23% and total cumulative return in cash records $103,139. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,376/mo property income covering a $4,013/mo payment rather than investor’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55414, Minneapolis, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,046 (100%) |
| Owner Occupied HU | 1,975 (11.6%) |
| Renter Occupied HU | 13,966 (81.9%) |
| Vacant Housing Units | 1,105 ( 6.5%) |
| Median Home Value | $540,769 |
| Average Home Value | $636,285 |
Housing Distribution
Address Breakdown
Residential
16,725
Single Family
4,350
Multi-Family
12,375
Businesses
1,032
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Listed by: Jill Taurinskas • American Home Realty Co
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6773625